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Japanese Foreign Ship Orders Up

Japanese shipyards in May received foreign ship orders for 16 vessels, or 669,000 grt, up 371.8 percent from May 1998, the Japan Ship Exporters' Association said. The level, however, was down 43.9 percent from May 1997, it said. Orders in May consisted of nine bulk carriers and seven oil tankers. In April, foreign ship orders fell 40.1 percent year-on-year.


Japanese Foreign Ship Orders Plummet Nearly 25%

Japanese shipyards in June received foreign ship orders for 20 vessels, or 667,500 grt, down 24.4 percent from a year earlier, the Japan Ship Exporters' Association said. All of June's orders were bulk carriers. The most recent figure represented an increase of 17.8 percent compared to June 1997, it said. Last month, May orders marked a year-on-year increase of 371.8 percent.


Daewoo Wins $483M In Ship Orders

Daewoo Heavy Industries won $483 million in ship orders last week from companies in the U.S. and Greece. It will build four ultra large crude oil carriers for Majestic Shipping Co. of the U.S., and three very large crude oil carriers for Aeolos Management S.A. and Atlantic Bulk Carrier Ltd of Greece, a company statement said. Majestic ordered two 450,000-ton ultra crude oil carriers and took options on two more. Atlantic Bulk ordered two 75


Korean Ship Orders Up 322%

Korean Ship Orders Up 322% New orders received by South Korean shipbuilders in February totaled 1.26 million gt, up 322.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. Orders received in January-February period totaled 2.32 million gt for 37 ships, up 232.1 percent from the same period a year ago. Korea received orders for 21 new ships in February. Ten ships, totaling 718,000 gt, were completed during the month


South Korea is Number One

According to a report from the Kyodo news service, the combined tonnage for ship orders received by South Korean shipbuilders was higher than that of Japanese shipbuilders in 2002. The Shipbuilders' Association of Japan reported that Japanese shipbuilders received orders worth a combined 5.9 million tons in the year, down 25.9% from 2001. South Korean shipbuilders reportedly received orders for a combined 7.59 million tons, up 18


Japan Shipbuilding Orders Drop

Japanese export ship orders fell 8.5 percent in June from a year earlier, reveal figures by the Japan Ship Exporters’ Association (JSEA). Japanese export ship orders fell 8.5 percent in June from a year earlier to 499,370 gross tons, according to figures released by the Japan Ship Exporters’ Association (JSEA). The 8.5 percent decline in June was the third straight monthly drop year on year and was significantly slower than the 43.5 percent drop in April and 44


South Korean January Ship Orders Increase

New orders received by South Korean shipbuilders in January totaled 1.06 million gt, up 164.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. South Korean shipbuilders received orders for 16 ships in January, the association said. Orders received in January last year totaled 400,556 gt for four ships, it said. Ships completed in January were down from the same month a year earlier


Samsung Wins $400M In Contracts

South Korea's Samsung Heavy Industries won $400 million in ship orders from companies in Greece and Germany. Samsung received an order to build four 300,000 dwt VLCC from Greece's Helespont Shipping for $280 million. It also received an order from Germany's Nordcapital Corp to build two 5,750 teu containerships worth $120 million. Samsung said it will deliver the ships to the two companies by the end of 2001. Samsung said its shipbuilding orders have reached $2


JAPANESE FOREIGN SHIP ORDERS DROP 39%

Japanese shipyards received foreign orders for 21 vessels totaling 581,100 GRT in July, down 39.6 percent from a year before, the Japan Ship Exporters' Association said. In all, 19 orders were for bulk carriers and two for freighters.


CSIS Shipbuilding Up 47 Percent in 2005

The China Shipbuilding Industry Corp. (CSIC), built 3.17 million tons of new ships in 2005, up 47 percent. In 2005, the CSIC received 3.73 million tons of new orders and 2.85 million tons of new ships are under construction. The profit it earned topped $123.9 million, up 85 percent year-on-year. China's shipbuilding companies built 12 million tons of new ships in 2005, accounting for 18 percent of the world market, ranking third after the Republic of Korea and Japan


Ocean Osprey is Ready to Serve in Norway

Ocean Osprey (Photo: Zamakona Yards)

Zamakona Yards announced that the newly built vessel Ocean Osprey arrived to Scotland last week to soon begin operating in the Martin Linge offshore oilfields to support the works of Norwegian company Total E & P. Ocean Osprey was launched January 31 at Zamakona’s facility in Pasajes


Deadbeat Chinese Shipyards Stick Banks with Default Bill

Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time. One in three ships ordered from Chinese builders was behind schedule in 2013


Market Recovery Continues Across Japan for WSS

Yoshihiro Iizuka

Speaking ahead of Sea Japan today, WSS General Manager for Japan Yoshihiro Iizuka says that although the Japanese market is moving towards growth for 2014, the recovery will be stronger in the second half, with an increase in newbuilds expected towards the end of the year


Navy Cuts One Littoral Combat Ship in 2015

 U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders   Add to Collection(Oil)|Print Download:Plain TextXMLAll         WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of


Latest Global Shipbuilding Orders

Photo courtesy of COSCO Nantong Shipyard

Clarkson Hellas S+P Weekly bulletin reports a relatively active week of newbuildings, with a notable number of new orders, although none in the tankship market. Dry bulk carrier sector: In particular this week Clarkson Hellas has seen further ordering in the midā€sized dry sector and very much


Meyer Werft Orders More MAN Diesel & Turbo Power

Graphic rendering of the Breakaway Plus vessel (courtesy Meyer Werft)

MAN Diesel & Turbo has won the order from Meyer Werft for new cruise vessels for Norwegian Cruise Line to supply its V48/60CR engines with diesel-electric propulsion systems. The ships will be built at Meyer Werft, the cruise liner specialist builder in Papenburg, northern Germany


Nordic Yards at Russia's Top Shipbuilding Fair

Nordic Yards_Stand_NEVA.jpg

"Russia is and will remain an essential market for us", stated Vitaly Yusufov, owner and Managing Director of Nordic Yards. "Since their foundation our shipyards in Wismar and Warnemünde have built 400 vessels for the Russian market alone


Daewoo Shipbuilding Receives African Drillship Order

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it has received an order to build two DSME e-Smart drillships for a combined $1.24 billion. Under its current schedule, Daewoo Shipbuilding is slated to deliver both vessels to its African customer by the end


Third Damen PSV Delivered to World Wide Supply

World Pearl (Photo: Damen)

Damen Shipyards Galati has handed over the third Platform Supply Vessel in a series of six to World Wide Supply of Norway. This six-ship order heralds a new era in offshore construction for Damen Shipyards Group. World Pearl is built to Damen’s entirely new PSV 3300 design


Azipods Earn US$180-Million for ABB in 2013

Carnival cruise ship: CCL Image

Pod propulsion system Azipod® was the propulsion system of choice for 6 new cruise liners in 2013, say manufacturers, ABB. The company won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its


ABB Reports $180 Million from Cruise Builders in 2013

ABB, the leading power and automation technology group, won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its latest-generation Azipod XO units. The orders make 2013 the best-ever year for ABB in cruise


China Moves to Help Shipping Industry with Subsidies

In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg. The government will grant 1,500 yuan ($247) per gross ton for shipping companies to replace obsolete ships


Korea Shipbuilders May See Mild 2014 Recovery: Analysts

The nation’s major shipbuilders are expected to undergo a mild recovery on the back of a pickup in demand for commercial vessels and liquefied natural gas (LNG) carriers, reports 'The Korea Times' as informed by experts and analysts. The analysts forecasted that the nation’s leading


Gas Carrier SCF Mitre Launched

The launching ceremony of the final ship in a series of four LNG carriers built at STX Offshore and Shipbuilding Co., Ltd. was held in South Korea on February 11, 2014. The LNG carrier SCF Mitre will be assigned the RS class notation: KM Ice2 AUT1 OMBO EPP ANTI-ICE LI CCO ECO-S


New Shipbuilding Orders Threaten Fragile Sector Recovery

File image CCL3

Reuters –  Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, according to a recent survey. Ship owners ordered large numbers of vessels between 2007 and 2009


 
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